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Housing shortages? Really?

photo credit: looseends   Saturday mornings at the Richmond market. I hear a fruit stall worker calling his wares: “Last of the carrots! A dollar a bunch! AND THERE’S NO MORE!” Of course, he has carrots by the boxful under the table, but his solemn warning means he...

Aussie miners: no one likes a whiney child.

photo credit: loungerie The Henry Tax Review recommended a resource rent tax to the Australian government, carefully designed to maintain incentives and reward risk. The miners responded with apoplexy and a campaign of deliberate misinformation that has left the...

The Tide Turns. The Media Awakes.

photo credit: midlander1231   For too long, the media eagerly reported the property spruikers’ claim ‘prices only go higher’. This ‘truth’ turned homeowners into speculators and led a whole generation of first home buyers to commit to enormous mortgages they will only...

Palatial Profits

photo credit: eb0la An interesting read in today’s Age: Palatial Spreads Kept Empty? That’s Rich Ghost mansions and land banks are sometimes held by those planning a tennis court or swimming pool. Other people are waiting for their children to grow up....

A Telling Example

photo credit: pyjama People often grasp our message through simple examples. Imagine a friend buys one of these pictured beach boxes for $12,000 in 1994. Meanwhile, you work hard, doing overtime, saving money, being a solid citizen. During the middle of...